Canopy Growth Reports Second Quarter Fiscal 2020 Financial Results
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UPDATE: Canopy Growth (CGC) Reports Q2 Loss of $1.08 on Net Revenues of $76.6M
November 14, 2019 6:34 AM EST(Updated - November 14, 2019 6:35 AM EST)
Canopy Growth (NYSE: CGC) reported Q2 EPS of ($1.08), versus ($3.70) reported last year. Revenue for the quarter came in at $76.6 million, versus $23.3 million reported last year.
Key highlights include:
The company has established leading market share across the country including a noteworthy share of over 35% in Alberta, Canada's most developed provincial recreational market.Consumer demand for cannabis continues to increase versus Q1 2020 with Company-owned recreational same-store sales growth of 17% and global medical organic growth of 23%.More than 30 SKUs submitted to Health Canada for Cannabis 2.0... More